This Ultra-High-Yield Dividend Stock is a Tale of 2 Portfolios

Medical Properties Trust (NYSE: MPW) is one of the world's largest hospital owners. The real estate investment trust (REIT) owns 436 facilities in nine countries and has leased or mortgaged its properties to 53 hospital operating companies.

While the healthcare REIT has a fairly well-diversified portfolio, it has become a tale of two portfolios. It's the best of times for its international portfolio and those in the U.S. not leased to Steward Health Care or Prospect Medical Holdings.

Unfortunately, it remains the worst of times for properties leased to those two tenants (which are among its largest). Those issues have weighed heavily on the REIT, driving down its stock price and pushing up its dividend yield (recently over 13%). They've also overshadowed the underlying strength of the rest of its portfolio.

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Source Fool.com